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HDFC Life Branch Service Manager salaries in India

Annual salary range
0 - 6 years exp.
₹1.2 Lakh - ₹4.2 Lakhs
Salary of majority employees
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71% less than the average Branch Service Manager Salary in Insurance Companies for 0 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Branch Service Manager Salary
0 - 5 years exp. (31 salaries)
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₹1.8 L/yr - ₹3.3 L/yr

Sales & Business Development
Branch Service Manager Salary
0 - 6 years exp. (25 salaries)
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₹1.8 L/yr - ₹4 L/yr

Customer Success, Service & Operations
Branch Service Manager Salary
0 - 6 years exp. (19 salaries)
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₹1.8 L/yr - ₹3.8 L/yr

Finance & Accounting
Branch Service Manager Salary
0 - 3 years exp. (9 salaries)
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₹1.8 L/yr - ₹3 L/yr

Marketing & Communication
Branch Service Manager Salary
1 - 4 years exp. (5 salaries)
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₹1.2 L/yr - ₹3 L/yr

Last Updated: 6 Dec 2024

Companies similar to HDFC Life for Branch Service Manager

Company name Avg Annual Salary Open Jobs
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₹2.9 L/yr - ₹6 L/yr

arrow icon 39% more
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₹4.4 L/yr - ₹13.1 L/yr

arrow icon 170% more
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PNB MetLife Branch Service Manager Salary

5 - 20 years exp. (7 salaries)

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₹2.1 L/yr - ₹6.3 L/yr

arrow icon 52% more
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₹2.4 L/yr - ₹7 L/yr

arrow icon 34% more
1 job opening
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IFB Branch Service Manager Salary

8 - 17 years exp. (38 salaries)

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₹9.1 L/yr - ₹23 L/yr

arrow icon 363% more
Branch Service Manager salary at HDFC Life ranges between ₹1.2 Lakh to ₹4.2 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 117 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Branch Service Manager

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Experience wise HDFC Life Branch Service Manager salaries

Last Updated: 6 Dec 2024

Experience Avg Annual Salary
Fresher  (15 salaries)

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₹1.8 L/yr - ₹3.3 L/yr
1 year  (25 salaries)

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₹1.2 L/yr - ₹3.8 L/yr
2 years  (24 salaries)

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₹1.8 L/yr - ₹4 L/yr
3 years  (25 salaries)

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₹1.8 L/yr - ₹4.2 L/yr
4 years  (11 salaries)

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₹1.8 L/yr - ₹3.5 L/yr
View all

Similar Designation salaries in HDFC Life

Senior Associate Salary
(756 salaries)
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₹1.1 L/yr - ₹4.7 L/yr
Deputy Manager Salary
(718 salaries)
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₹3.5 L/yr - ₹12.1 L/yr
Executive Trainee Salary
(493 salaries)
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₹3 L/yr - ₹8 L/yr
Corporate Manager Salary
(477 salaries)
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₹2.4 L/yr - ₹11.05 L/yr
SDM Salary
(266 salaries)
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₹1.75 L/yr - ₹4 L/yr
Chief Manager Salary
(201 salaries)
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₹14 L/yr - ₹30 L/yr
Sales Executive Salary
(197 salaries)
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₹0.95 L/yr - ₹5.5 L/yr
BDM Salary
(192 salaries)
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₹2 L/yr - ₹4.5 L/yr
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₹4.5 L/yr - ₹15 L/yr
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₹1.8 L/yr - ₹4.25 L/yr

Salary related reviews for HDFC Life

3.7

Rated by 36 employees for salary & benefits

Full Time

 · 

Other Department

4.0
  •  posted on 04 Oct 2024

3.0
 for  Salary and Benefits

Likes

Skill development and learning is the main element in the hdfc life. Company culture and environment is very place to work.

read more

Dislikes

...ys. Promotions and appraisals is a joke here less than 6% is the increment here. Salary are very low when compared to other similar industry.

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Full Time

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Customer Success, Service & Operations Department

1.0
  •  posted on 19 Jul 2024

1.0
 for  Salary and Benefits

Likes

Hdfc life office is hygienic.

Dislikes

Manager is your god. And manager scold in con call tell fukat ka salary leta hai kya. If you achieve Target then also you will not get increment. Boss gives more priority to girls.

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Full Time

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Risk Management & Compliance Department

3.0
  •  posted on 26 Nov 2023

1.0
 for  Salary and Benefits

Likes

The way they make fool our of you. JD and actual work are really different. Popular statement "I am a really considerate manager".

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Dislikes

Usual work day is for about 12 hrs On document Saturday is a non working day but you will be forced to work with out pay. Overtime is a myth Promotion depends upon L1's will. Variable pay is only for MT's and chief manager & above Huge gap in pay at same band.

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Full Time

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BFSI, Investments & Trading Department

3.0
  •  posted on 25 Apr 2023

3.0
 for  Salary and Benefits

Likes

...l Rules/regulations and values set by the organisation are really praise worthy. Good initial salary package. You will learn communication skills and build confidence but not much technical skills though.

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Dislikes

The management staff doesn't really follow what has been preached. You will be verbally harassed for not meeting targets, i have seen senior make fun of people based on their looks. According to the company's rules miss selling is a taboo but managers will force you to sell products by hook or crook to meet targets. You will be made to work extra long hours instead of the promised actual time. if it's a big branch with more competation and god forbid if the competition gets good business, you will be chewed up by your senior's on a private call. My friend was in tears when he got shouted on for not being able to get business and it was only his first month. Overall the framework of the company is nice but whether you will enjoy your work life or not depends on the kind of superiors you get.

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Full Time

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Other Department

3.0
  •  posted on 03 Sep 2023

2.0
 for  Salary and Benefits

Likes

Stable job, one can work with co for long term. Good HR policies. Female friendly and safe organisation.

Dislikes

1. Pay structure is poor. The CTC includes the annual bonus. That means for earning your own CTC, one has to earn rating. 2. The managers are poor skilled, knows only to create pressure but don't know to manage pressure. Don't groom the teams. 3. 6 days working. 4. Way behind technically. Huge manual work is still there which can be handled by improved technology. 5. Overall, the co doesn't want to spend money over people, over technology,

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HDFC Life Branch Service Manager Salary FAQs

What is the salary of Branch Service Manager at HDFC Life?
Branch Service Manager salary at HDFC Life in India ranges between ₹1.2 Lakhs to ₹4.2 Lakhs for less than 1 year of experience to 6 years. According to our estimates it is 71% less than the average Branch Service Manager Salary in India. Salary estimates are based on 117 latest salaries received from various employees of HDFC Life India.
How does the salary of a Branch Service Manager at HDFC Life India compare with the average salary range for this job?
The average salary of a Branch Service Manager at HDFC Life is 71% less than the average salary of a Branch Service Manager in India. To know exact salary insights, login to view.
Which similar companies are paying more than HDFC Life to a Branch Service Manager in India?
  • IFB Branch Service Manager Salary - ₹9.1 Lakhs to ₹23.0 Lakhs per year
  • Reliance Nippon Life Insurance Branch Service Manager Salary - ₹4.4 Lakhs to ₹13.1 Lakhs per year
  • PNB MetLife Branch Service Manager Salary - ₹2.1 Lakhs to ₹6.3 Lakhs per year
  • Kotak Mahindara Life Insurance Branch Service Manager Salary - ₹2.9 Lakhs to ₹6.0 Lakhs per year
  • ICICI Lombard General Insurance Company Branch Service Manager Salary - ₹2.4 Lakhs to ₹7.0 Lakhs per year
What is the estimated take home salary of a Branch Service Manager at HDFC Life in India?
The estimated take-home salary of a Branch Service Manager at HDFC Life ranges between ₹21,541 per month to ₹23,032 per month in India. The take-home salary calculation is based on the average HDFC Life Branch Service Manager salary in India which ranges between ₹1.2 Lakhs to ₹4.2 Lakhs per year for employees with less than 1 year of experience to 6 years. Check how did we calculate take home salary?
What is the notice period for Branch Service Manager at HDFC Life?
According to AmbitionBox, 62% of the HDFC Life Branch Service Manager s reported a notice period of 1 Month, 26% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 77 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

HDFC Life Branch Service Manager salary in India ranges between ₹1.2 Lakh to ₹4.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 117 HDFC Life latest salaries received from various employees of HDFC Life.